Sazerac makes $15 billion bid for Brown‑Forman, rattling Pernod Ricard talks
U.S. spirits group Sazerac offered $32 a share—about $15 bn—to buy Brown‑Forman, the maker of Jack Daniel's, sparking a clash with Pernod Ricard’s planned merger. The bid tests the Brown family’s control and leaves investors wary, with shares barely edging higher.